#Ethereum trading now with eToro

Next to the Bitcoin, the social trading network eToro has now introduced Ethereum trading. Ethereum is the smaller brother of the Bitcoin and with eToro CFD trading you can profit from either falling or rising ether prices.

Ethereum CFDs are based on the price of Ethereum at the time of purchase. When the Ethereum price rises, so does the value of your buy position on Ethereum. If you don’t know yet how to trade Ethereum just join the social trading network and ask other Ethereum traders how to trade this crypto currency. Feel free to join different discussion forums on the network.

Ethereum vs. Bitcoin

Like the Bitcoin Ethereum is a so called cryptocurrency based on a blockchain technology. In comparison to the Bitcoin there is no limitation of Ether coins in the future. The mining process is just getting harder and harder over time and requires a good graphics board. Ehereum is rather used as an online payment method than as an alternative currency like gold. Ethereum was invented in 2013 by Vitalik Buterin, a cryptocurrency programmer and computer expert.

Trading the Bitcoin with eToro

With eToro you can trade Ethereum CFDs which means, you can but contracts for Long and Short directions and profit from either movement.

As you can see from the chart ethereum quotes at 259 USD today. You can use technical analysis in order to determine whether the price could go up or down. At the moment we are in a down trend and need to wait until the trend moves up again.

Trading Ethereum

With eToro you can trade the world’s second largest crypto currency and build a portfolio. Ehetereum climbed from 2.8 USD to 400 USD, recently we saw a slight correction to 259. In comparison to other trading assets or currencies you can trade Ethereum and the Bitcoin even over the weekend.

All trading involves risk. Only risk capital you’re prepared to lose. Past performance is not an indication of future results. This content is for educational purposes only and is not investment advice. Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Before you start trading please read up on our full Risk Disclaimer and make sure that you understand the nature of leveraged trading.

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